Trump Envoy Steve Witkoff Reports $107 Million Income from Crypto Venture in 2025, Raising Conflict of Interest Concerns
Steve Witkoff, a special envoy for President Trump, disclosed earning $107 million in 2025 from a holding company that includes his stake in World Liberty Financial (WLFI), a cryptocurrency venture co-founded with President Trump and his family. This income represents more than a threefold increase from the $34 million reported in 2024. The disclosure, a Form 278e submitted to the United States Office of Government Ethics (OGE), does not specify the individual value or income generated from the underlying assets within the holding company, which also includes real estate interests. World Liberty Financial issues USD1, a U.S. dollar-pegged stablecoin, and the WLFI governance token. President Trump and Steve Witkoff were named co-founders of World Liberty Financial, though they reportedly stepped back from day-to-day operations after entering public office. Zach Witkoff, Steve Witkoff’s son, serves as the chief executive of the company. The significant increase in Witkoff's reported income while serving in a...